Buying & Developing Raw Land
Planning to develop raw land & build in 2025? Here’s what you should consider before making the big purchase. Whether you are considering an off-grid homestead, a modern prefab, or complete custom residence, understanding the financial side is crucial before you break ground.
Here are some key considerations:
🏡 Goal for the Property
You must set a goal by choosing between recreational vs full time residence, seclusion requirements, proximity to friends and family, and proximity to town or city. This will help you narrow down the state and town you would consider before start shopping for a property.
🌲 Price Per Acre
Land costs vary greatly by location, accessibility, zoning, and terrain. The minimum $ per acre around central Pennsylvania has been going up. You should expect at least $6000 ~ $10,000 per acre. If you buy a large property, price per acre should go down a bit.
💡 Infrastructure Costs
Bringing in utilities like electricity, well, on-site septic system, and road access can be expensive. If any of these elements are already there, the seller may expect more for the land as well. However, existing infrastructure is not always functional or adequate for the size of your planned home or lifestyle. It’s a good idea to have a trustworthy and experienced contractor partner at this time to really know the viability.
🚜 Excavation & Site Prep
Buyers often under estimate the costs for clearing trees, driveways, leveling land, and preparing for a solid foundation.
